Keeping up to date

I generally recommend that my clients look at their estate planning documents every few years to make sure they are still appropriate, and update about every 10 as the law will change. What is also important is to keep in mind that there are other documents that need changing too.

If you divorce, your will, from that point forward, will be treated as if your ex died before you. This is not the same for beneficiary designations. It would be a shock to your children if they found out that your life insurance, or work pension, was left to your ex-spouse, simply because you forgot to update the beneficiary designation. Similarly, your spouse would be upset if it was left to your parents because you didn’t update it after you got married.

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ABOUT US

Deborah Wall-Armstrong established her office in 1977 as a full-service law firm. Over the years, Deborah focused her practice into real estate, estate planning and administration and incorporations. Cesia Green joined the firm in 2008, and in 2011 she and Deborah entered into partnership as … Read More